JOHNSON & JOHNSON — Director's Dealing 2007

Feb 22, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2007-02-16

Reporting Person: Scodari Joseph C (Executive Committee Member)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-16	Common	A	1717	—	Acquired	8645	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	2543	Indirect

Footnotes

F1: Awarded under Issuer's Executive Bonus Plan.

F2: Shares held under Johnson & Johnson's 401(k) and ESOP Savings Plans at Plans' most recent reporting date (01/31/2007).